Equipment contracts; modifying definitions; modifying certain prohibited actions; modifying certain consent requirements. Effective date.
SB 377 amends Oklahoma's Fair Practices of Equipment Manufacturers, Distributors, Wholesalers and Dealers Act to clarify definitions and update rules affecting equipment dealers. It specifically defines terms like "current net parts price" (the price for repair parts at agreement termination) and "current net parts cost" (price minus typical dealer discounts), directly impacting dealers who sell repair parts. The bill also refines the definition of "equipment" to include ATVs, agricultural machinery, and landscaping equipment (while excluding trailers and permanent fixtures), and modifies consent requirements for dealer agreements. These changes aim to standardize how dealers are compensated for parts and inventory when agreements end.
Bill status
signed
all 5 stages cleared
Introduction
Feb 2025
Committee Review
Apr 2025
Senate Passage
Mar 2025
House Passage
Apr 2025
Signed into Law
Apr 2025
Introduced Feb 3, 2025
Signed Apr 30, 2025
Maddy AI version diff · 5 comparisons
What changed between versions
Floor (House)
→
Floor (Senate)
·
4 edits
MODERATE
This bill amends Oklahoma's Fair Practices of Equipment Manufacturers Act to update definitions and statutory references. The primary changes include clarifying the definition of 'net equipment cost' to include freight reimbursement for labor in preparing equipment for retail sale, and updating formatting and section numbering for consistency with Senate floor procedures.
Scope change
The bill's scope remains the same - it continues to govern equipment contracts between manufacturers and dealers in Oklahoma, but with updated definitions and formatting.
DEFINITION
Updated the definition of 'net equipment cost' to explicitly include reimbursement for labor incurred in preparing equipment for retail sale or rental
TECHNICAL
Added Senate floor version header, date, and committee substitute designation to replace House floor version headers
Reformatted section numbering and spacing throughout the document to align with Senate floor conventions
Updated page headers from 'HOUSE OF REPRESENTATIVES' to 'SENATE FLOOR VERSION'
Floor votes
How they voted
This bill passed the Senate by voice vote (no roll call recorded).
Full legislative history
Actions timeline
Total actions
25
Key actions
7
Committee
6
Apr 30, 2025
Signed into law
Approved by Governor 04/28/2025
upper
Apr 23, 2025
Committee
Referred for enrollment
upper
Apr 23, 2025
Lower · Passed
Third Reading, Measure passed: Ayes: 76 Nays: 8
lower
Apr 17, 2025
Lower · Passed
CR; Do Pass Commerce and Economic Development Oversight Committee
lower
Apr 8, 2025
Lower · Passed
Policy recommendation to the Commerce and Economic Development Oversight committee; Do Pass Business
lower
Apr 1, 2025
Committee
Referred to Business
lower
Mar 25, 2025
Introduced
First Reading
lower
Mar 25, 2025
Upper · Passed
Engrossed to House
upper
Mar 24, 2025
Committee
Referred for engrossment
upper
Mar 24, 2025
Upper · Passed
Measure passed: Ayes: 46 Nays: 0
upper
Feb 20, 2025
Upper · Passed
Reported Do Pass, amended by committee substitute Business and Insurance committee; CR filed
upper
Feb 3, 2025
Introduced
First Reading
upper
2 primary · 0 co-sponsors
Sponsors
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